SCENTRE GROUP (SCG)
Share Price Analysis and Chart

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SCG - SCENTRE GROUP

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Scentre Group was formed in 2014 through the merger of Westfield Retail Trust and Westfield Group's Australian and New Zealand management business. The company owns, manages and develops Westfield shopping centres in Australia and New Zealand.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.42

20 Dec
2024

-0.010

OPEN

$3.40

-0.29%

HIGH

$3.42

22,879,380

LOW

$3.38

TARGET
$3.804 11.2% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
SCG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 3.4 21.8 xxx
DPS (cps) xxx 16.6 17.2 xxx
EPS Growth xxx - 41.9% 100.0% xxx
DPS Growth xxx 5.4% 3.5% xxx
PE Ratio xxx N/A 15.7 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 492.6% 78.9% xxx

Dividend yield today if purchased 3 years ago: 5.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.85

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/02 - ex-div 8.35c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.4
DPS All xxxxxxxxxxxxxxx16.6
Sales/Revenue xxxxxxxxxxxxxxx2,510.3 M
Book Value Per Share xxxxxxxxxxxxxxx344.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,034.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.96 %
Return on Invested Capital xxxxxxxxxxxxxxx0.55 %
Return on Assets xxxxxxxxxxxxxxx0.48 %
Return on Equity xxxxxxxxxxxxxxx0.96 %
Return on Total Capital xxxxxxxxxxxxxxx4.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx149.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,845 M
Long Term Debt xxxxxxxxxxxxxxx13,866 M
Total Debt xxxxxxxxxxxxxxx15,711 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx296 M
Price To Book Value xxxxxxxxxxxxxxx0.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx29.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.18 %
Cost of Goods Sold xxxxxxxxxxxxxxx755 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx152 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx32,117 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

28/11/2024

2

Accumulate

$3.85

12.57%

Management at Scentre Group has swapped $950m of fixed-rate notes into floating-rate liabilities at a weighted average margin of 130bps across three tranches, which is approximately -40bps narrower than Ord Minnett's expectations.

The tighter spread leads the broker to increase funds from operations (FFO) forecasts by 1% for 2025 and 2026, and by 2% for 2027, reflecting the potential to reset $10bn in debt through to 2027.

The target price is reduced to $3.85 from $3.90. The Accumulate rating is maintained.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

01/10/2024

3

Downgrade to Neutral from Overweight

$3.90

14.04%

While Jarden is not negative on prospects for mall REITs, after strong outperformances the broker's ratings are downgraded for Vicinity Centres, Scentre Group and GPT Group.

In fact, REIT's should continue to see 3-4% comparable net operating income (NOI) growth and a 4-6% funds from operations (FFO) compound annual growth rate (CAGR) over the next few years, predict the analysts.

However, based upon transactional evidence of development returns, the broker believes a further increase in valuation premiums is not really justified.

Jarden's target for Scentre Group rises to $3.90 from $3.75 and the rating is downgraded to Neutral from Overweight.
Access Extra Coverage Research History >

SCG STOCK CHART

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